Graphs on Delinquencies and Foreclosures

Sandy Hutchens brings you graphs on delinquencies and foreclosures.

Hope Now Delinquent

There are now more than 3 million mortgage loans 60+ delinquent based on the Hope Now statistics. This covers approximately 85% of the total industry.

There are far more prime loans delinquent than subprime, although a much higher percentage of subprime (18.4%) vs prime (4.24%).

Hope Now Foreclosures The second graph shows foreclosure starts and completions.

Foreclosure starts are above 250 thousand per month, and completions close to 100 thousand per month. There is a lag between start and completion, and a number of loans cure or are modified – but it does appear completions will increase in the 2nd half of 2009 based on the surge in starts at the beginning of the year.